Why The Bitcoin Price Recently Found Support At $46K
After plummeting from $46k to $43k on Sunday, Bitcoin managed to hold onto the critical support level of $46,000. Breaking Down Bitcoin’s Price Action Down 20% from its all-time high reached earlier this month, Bitcoin finds itself in correction territory – a sharp change from the almost uninterrupted year-long bull run. With a relative strength index (RSI) of 45, Bitcoin looks to be oversold – a signal that it certainly has more upside potential in […]
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Here's a look at what we are focusing on in the bitcoin price this morning. Yesterday evening, our primary focus in our bitcoin price analysis was to try and figure out whether price had finally found support, and – in turn – whether this meant we could set ourselves up for a medium-term reversal against the overarching downside trend. We noted that price couldn’t continue to decline indefinitely, and that at some point, markets would have to balance between buyers and sellers, and that chances are, this wouldn’t happen below previous levels – i.e. those from which price rocketed towards....
Ethereum price after trading higher started a move lower against the US Dollar. Is this a correction or the price made a top? Key Highlights. ETH price after surging above the $12.00 handle against the US Dollar found sellers and moved down. There is a minor bullish trend line formed on the hourly chart (data feed via SimpleFX) of ETH/USD, which is currently acting as a support. The pair may either bounce or break the trend line for further declines. Ethereum Price Correction. Ethereum price has enjoyed a decent upside ride against the US Dollar recently to trade as high as $12.12.....
Ethereum price moved back above the $10.40 level against the US Dollar, and it looks like ETH/USD may trade further higher towards $10.65-10.70. Key Highlights. ETH price after correcting lower against the US Dollar towards $10.30 found support, and traded higher. There is a connecting resistance trend line formed on the hourly chart of ETH/USD (data feed via SimpleFX), which is currently acting as a resistance near $10.56. The price may break it soon for further gains in the short term towards $10.65. Ethereum Price Rising Momentum. There was a correction wave initiated yesterday in ETH....
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